Plant Stem Cell Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
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Growing demand for natural compounds fueling the plant stem cell market growth
Plant stem cell is an emerging industry and growth is constantly spurted by various researches on different plants to explore their potential application in the market. Naturally occurring botanicals having antioxidant levels have the ability of protecting human skin cells from UV-induced oxidative stress and neutralize free radicals. Increase in demand for natural compounds among the populace, acts as a major driver for the plant stem cell market. Plant stem cell cultures with positive results for use in cosmetic industry have offered a wide range of opportunities for skin care and hair treatments that are contaminant free and use bio-sustainable products. Hence, rising demand for anti-aging, hair care, skin care, and other cosmetic products consequently fuel growth of the plant stem cell market.
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Key Vendors of Plant Stem Cell Market: Oriflame Holding AG, MyChelle Dermaceuticals, LLC, Natura Therapeutics Inc, Aidan Products LLC, Mibelle Biochemistry, Phyto Science SDN BHD, and Renature Skin Care Inc.
Segmentation of plant stem cell market on basis of location and application
On the basis of location, the global plant stem cells market can be classified as root apical meristems, shoot apical meristems, and vascular meristems. The root and shoot meristems are the most dominant segments in the market. On the basis of application, the plant stem cell market can be classified as nutrition, pharmaceutical, and cosmetics. In the past, cosmetics and aesthetics were considered to be more women-concentrated fields. However, the potential male cosmetics products segment is an untapped opportunity for the plant stem cell market.
Rise in demand for natural products in North America boost growth of the plant stem cell market
North America and Europe are major market for plant stem cell. The main factor is advanced technology that allows research on cultivation and extraction of components from plants. Also, rising demand for naturally-obtained products among the populace and increasing awareness contributes towards growth of the plant stem cell market in these developed regions. The plant stem cell industry highly dependent on research work. Increasing R&D activities and government funding is positioning Asia Pacific as a hub for research activities, in turn making it a potential market for plant stem cell.
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